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Re: Kroooo post# 109169

Thursday, 07/29/2021 9:20:13 AM

Thursday, July 29, 2021 9:20:13 AM

Post# of 112680
The $56 million number comes from the Consolidated Statement of Operations (aka Income Statement). The $61 million number is on the Statement of Cash Flows. First Notice they both represent numbers for 9 months ending January 31, 2021 (i.e. they're fiscal year-to-date numbers). The $56 million represents year-to-date profits. The $61 million represents the gain over and above the cost of acquiring the assets of First Bitcoin Capital, LLC (i.e. the value of the assets acquired minus the cost/stock paid to parent company First Bitcoin)...




Since the income statement includes the $61 million in calculating the profit, the statement of cash flows subtracts this number from the income (since it represents a non-cash value of assets) to show how much cash is available for the fiscal year-to-date.

Les